Thousands of commercial property owners are neglecting making their properties meet energy efficient regulations, as required by law by April 2023.
Some 10.13% of leased commercial properties in Britain do not meet the EPC rating either.
Commercial properties will be required to have a rating of E or above by this time and the report reveals that theatres, music halls and cinemas are least likely to achieve this, with just shy of 50% currently having a rating of F or G.
Landlords will be fined whose properties do not comply. If landlords rent out properties that have a rating of F or lower by April 2023, they will pay a fine ranging from £5,000 to £150,000.
Making the property more energy efficient could be as little as installing a new boiler or improving the insulation.
Currently 13.3% of commercial properties that currently have a rating of F or G are up for sale.
The report also says that those selling properties will have to do so at a cut price if amendments to energy efficient haven’t been made.
There are grants available to help with costs to fit energy efficient boilers and other energy saving schemes.
One solution could be is installing solar PV. If your roof size is large enough then it could also be installed free.
If you would like to find out more about solar then please get in touch.
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